- Bid/Issue opens on Wednesday, March 11, 2026 and closes on Friday, March 13, 2026.
- The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date i.e. Tuesday, March 10, 2026.
- The Price Band for the Issue is from ₹99 to ₹100 per Unit.
- Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by Bidders other than Anchor Investors and Strategic Investors.
NE BUSINESS BUREAU
AHMEDABAD, MAR 8
Raajmarg Infra Investment Trust, an InvIT sponsored by NHAI (National Highways Authority of India) on Friday announced it proposes to open an initial public offering of units, together with Sponsor Contribution, aggregating up to ₹ 6,000 crore on Wednesday, March 11, 2026.
The price band has been fixed from ₹99 to ₹100 per Unit. The Issue closes on Friday, March 13, 2026. The Anchor Investor Bidding Date is Tuesday, March 10, 2026.
Raajmarg Infra Investment Trust was established to acquire, operate and maintain the InvIT Assets pursuant to the terms of the Concession Agreements granted by NHAI to the Project SPV and to have an initial portfolio of five Toll Roads in Jharkhand, Andhra Pradesh, Tamil Nadu and Karnataka states under the Toll Operate Transfer (“TOT”) model conceived by NHAI.
Bids can be made for a minimum lot of 150 Units and in multiples of 150 Units thereafter by Bidders other than the units subscribed for by Anchor Investors and Strategic Investors.
The Units are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited. In-principle approval for listing of the Units has been received from BSE and NSE on February 13, 2026. National Stock Exchange of India Limited is the Designated Stock Exchange.
The Net Proceeds of the Issue are proposed to be utilized for the following objects: (i) Infusion of debt and equity into the Project SPV, which shall be utilized by the Project SPV for the payment of concession value of the InvIT Assets to NHAI and (ii) for General Purposes.
RIIMPL is a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank.
The InvIT said that 75 per cent of the offer size has been reserved for qualified institutional buyers and the remaining 25 per cent for non-institutional investors.
SBI Capital Markets Limited, Axis Capital Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are Book Running Lead Manager to the Issue.
